natural gas

Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

Rising Natural Gas Demand in Center-West, Wahalajara Opening Door to More Mexico Pricing Options

Fermaca’s crossborder Wahalajara pipeline system connecting the prolific Permian Basin to the city of Guadalajara and connections is driving energy demand in Mexico’s central-western region and turning the Waha hub in West Texas into a pricing point in Mexican natural gas transactions. That’s according to Santa Fe Gas LLC’s Santiago Garcia, who is CEO of…

January 21, 2021
Weather Worries Hamper February Natural Gas Futures

Weather Worries Hamper February Natural Gas Futures

Natural gas futures fell for a second consecutive day Expectations for strong weather-driven demand dwindled Cash prices dropped as mild temperatures persisted Natural gas futures fell for a second consecutive day on Wednesday, as traders absorbed dwindling expectations for strong weather-driven demand, moderating U.S. liquefied natural gas (LNG) levels and a change in control in…

January 21, 2021
U.S. Oil, Natural Gas Infrastructure Growth Potential Said ‘Significant’ as LNG, Mexico Exports Climb

U.S. Oil, Natural Gas Infrastructure Growth Potential Said ‘Significant’ as LNG, Mexico Exports Climb

The potential for oil and natural gas infrastructure development remains “significant” through 2025 as the U.S. economy recovers from Covid-19 and exports increase, according to ICF Resources Inc. In a report prepared for the Interstate Natural Gas Association of America (INGAA), ICF said one scenario used by researchers to evaluate changes to markets and infrastructure…

January 21, 2021
More Action Needed on Oil, Natural Gas Methane Emissions as Latest Decline Mainly Pandemic-Driven, IEA Says

More Action Needed on Oil, Natural Gas Methane Emissions as Latest Decline Mainly Pandemic-Driven, IEA Says

Methane emissions from the oil and natural gas sector fell by an estimated 10% in 2020, mainly because of production curtailments in response to the Covid-19 crisis, according to the International Energy Agency’s (IEA) Methane Tracker 2021 report published Monday. Oil and gas operations emitted more than 70 million tons of methane into the atmosphere…

January 20, 2021
Haynesville Stands Out as Only U.S. Natural Gas Basin to See Higher Output in February, Says EIA

Haynesville Stands Out as Only U.S. Natural Gas Basin to See Higher Output in February, Says EIA

Cumulative natural gas production from seven key U.S. onshore regions is set to fall by 472 MMcf/d from January to February, extending a downtrend that goes back to early 2020, according to updated projections published Tuesday by the Energy Information Administration (EIA). In its latest Drilling Productivity Report, EIA said it expects the Anadarko, Appalachian…

January 20, 2021
North American E&P Bankruptcies Slow in December, but Industry Looking to Better Days

North American E&P Bankruptcies Slow in December, but Industry Looking to Better Days

The number of North American oil and natural gas producers filing for bankruptcy protection continued to slow in December, but 2020 remains a standout in the six years that Haynes and Boone LLP has been tracking bankruptcy data. The law firm’s latest Oil Patch Bankruptcy Monitor showed that since the oil and gas industry began…

January 20, 2021
Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector

Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector

Members of the outgoing administration of President Trump have sent a letter to Mexican counterparts, including Energy Minister Rocío Nahle, admonishing regulatory changes they said are damaging Mexico’s investment climate. The letter, signed last week by U.S. Secretary of State Michael Pompeo, Energy Secretary Dan Brouillette and Commerce Secretary Wilbur Ross indicated that recent government…

January 19, 2021
Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecast for Frigid Conditions in Late January Fuel Rebound for February Natural Gas Futures

Forecasts shifted to expectations for a severe winter chill Demand for U.S. LNG exports continued to boost sentiment Spot gas prices finished the week strong Weather models over the weekend reduced the intensity of a stretch of frigid temperatures that had been expected this month, sending futures tumbling. The February Nymex contract was down 15.5…

January 19, 2021
COLUMN: 2021 to See More Natural Gas Imports, Political Risk in Mexico

COLUMN: 2021 to See More Natural Gas Imports, Political Risk in Mexico

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

January 15, 2021
Despite Steep Storage Pull, February Natural Gas Futures Drop Lower

Despite Steep Storage Pull, February Natural Gas Futures Drop Lower

Markets fixated on shifting weather patterns EIA reported a withdrawal of 134 Bcf from natural gas storage U.S. LNG volumes held steady on strong Asian demand In a third consecutive day of topsy-turvy trading, natural gas futures ultimately finished firmly in negative territory, as markets fixated more on shifting weather patterns than a bullish storage…

January 15, 2021
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